Boardwalk Real Estate Investment Trust (BEI.UN) to Distribute Monthly Dividend of $0.15 on September 15th

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) announced a monthly dividend on Monday, August 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.15 per share by the real estate investment trust on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 31st.

Boardwalk Real Estate Investment Trust Stock Performance

Shares of TSE BEI.UN opened at C$64.01 on Friday. Boardwalk Real Estate Investment Trust has a 1 year low of C$60.75 and a 1 year high of C$72.71. The company has a debt-to-equity ratio of 77.35, a quick ratio of 0.04 and a current ratio of 0.23. The stock has a fifty day moving average price of C$65.37 and a two-hundred day moving average price of C$65.26. The firm has a market cap of C$3.34 billion, a P/E ratio of -75.31, a PEG ratio of 1.24 and a beta of 0.53.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BEI.UN. Desjardins decreased their target price on Boardwalk Real Estate Investment Trust from C$78.00 to C$77.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Scotia cut their price target on shares of Boardwalk Real Estate Investment Trust from C$75.50 to C$74.50 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Raymond James Financial lowered shares of Boardwalk Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from C$82.00 to C$80.00 in a research report on Friday, May 8th. TD dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$85.00 to C$82.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Finally, Scotiabank dropped their price target on Boardwalk Real Estate Investment Trust from C$74.50 to C$74.00 and set a “sector perform” rating on the stock in a report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$79.28.

About Boardwalk Real Estate Investment Trust

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company’s cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.